GST refund claims: Exporters distressed, here’s what you need to know

GST refund claims: Nearly 70% of refunds are still stuck even after eight months of GST roll out, the exporters claim.

GST refund claims: Even though the GST council has tried it’s best for resolving issues related to Goods and Services Tax (GST), the exporters are facing various problems in claiming refunds under the regime, which is why, the Prime Minister’s Office (PMO) has now decided to call in top officials for discussing the piled up export refunds claim.

GST which is been in effect since July 01, 2017, comes with a refund policies, under which a exporter can file for GST refund when his or her GST paid is more than the GST liability. GST refund is standardized, and the process for claiming can be done electronically and has time limit – which is 2 years.

There are many cases where refund can be claimed under GST. As per ClearTax, they are – Dealer Exports (including deemed export) goods/services under claim of rebate or Refund, ITC accumulation due to output being tax exempt or nil-rated, Refund of tax paid on purchases made by Embassies or UN bodies, Tax Refund for International Tourists and Finalization of provisional assessment